Agilent Technologies Inc (A) Receives “Buy” Rating from Jefferies Group LLC
Jefferies Group LLC reaffirmed their buy rating on shares of Agilent Technologies Inc (NYSE:A) in a research report released on Friday. Jefferies Group LLC currently has a $59.00 price objective on the stock.
Several other research analysts also recently commented on the company. Morgan Stanley raised Agilent Technologies from an equal weight rating to an overweight rating and set a $62.00 target price on the stock in a report on Wednesday, March 15th. Zacks Investment Research raised Agilent Technologies from a sell rating to a hold rating in a report on Friday, February 17th. Janney Montgomery Scott lifted their target price on Agilent Technologies from $55.00 to $60.00 and gave the stock a buy rating in a report on Monday, February 13th. Deutsche Bank AG began coverage on Agilent Technologies in a report on Wednesday, January 18th. They set a buy rating and a $54.00 target price on the stock. Finally, Cowen and Company downgraded Agilent Technologies from an outperform rating to a market perform rating and set a $51.00 target price on the stock. in a report on Wednesday, January 4th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Agilent Technologies currently has a consensus rating of Buy and an average price target of $53.61.
Agilent Technologies (NYSE:A) traded up 0.26% on Friday, hitting $53.45. The company had a trading volume of 619,920 shares. The stock’s 50-day moving average price is $50.98 and its 200 day moving average price is $47.25. The company has a market capitalization of $17.23 billion, a P/E ratio of 34.28 and a beta of 1.19. Agilent Technologies has a one year low of $38.89 and a one year high of $54.82.
Agilent Technologies (NYSE:A) last issued its quarterly earnings data on Tuesday, February 14th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. Agilent Technologies had a return on equity of 15.49% and a net margin of 10.99%. Agilent Technologies’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. On average, analysts expect that Agilent Technologies will post $2.15 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Tuesday, April 4th will be given a $0.132 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Friday, March 31st. Agilent Technologies’s payout ratio is 37.59%.
In other Agilent Technologies news, VP Rodney Gonsalves sold 8,496 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $52.05, for a total transaction of $442,216.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Didier Hirsch sold 22,256 shares of the business’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $48.50, for a total value of $1,079,416.00. Following the sale, the chief financial officer now directly owns 190,023 shares of the company’s stock, valued at $9,216,115.50. The disclosure for this sale can be found here. Insiders sold a total of 101,293 shares of company stock valued at $5,088,405 over the last ninety days.
A number of hedge funds have recently modified their holdings of the company. Norges Bank bought a new stake in shares of Agilent Technologies during the fourth quarter worth approximately $118,636,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Agilent Technologies during the fourth quarter worth approximately $5,349,000. Boothbay Fund Management LLC bought a new stake in shares of Agilent Technologies during the fourth quarter worth approximately $228,000. Cigna Investments Inc. New bought a new stake in shares of Agilent Technologies during the fourth quarter worth approximately $1,812,000. Finally, Guggenheim Capital LLC raised its stake in shares of Agilent Technologies by 3.3% in the fourth quarter. Guggenheim Capital LLC now owns 944,455 shares of the company’s stock worth $43,029,000 after buying an additional 30,575 shares in the last quarter.
Agilent Technologies Company Profile
Agilent Technologies, Inc provides application focused solutions that include instruments, software, services and consumables for the entire laboratory workflow. The Company serves the life sciences, diagnostics and applied chemical markets. It has three business segments: life sciences and applied markets business, diagnostics and genomics business, and Agilent CrossLab business.
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